The Wizards have made it clear they are committed to signing Beal to the max, but the timing is everything from the standpoint of preserving cap room to chase free agents such as Kevin Durant in 2016.
If the Wizards don’t do the extension this summer, Beal would have two options: Become a restricted free agent next summer (assuming the Wizards extend a qualifying offer, which of course they will), or sign his $7.5 million qualifying offer and become unrestricted in 2017. Wizards GM Ernie Grunfeld and Beal’s agent, Mark Bartelstein, have yet to initiate extension talks, but they will soon.
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